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2018 (10) TMI 613 - HC - Income TaxBusiness expenditure - commercial expediency - dealer's termination compensation - reimbursement of advertisement expenses - Tribunal confirmed the additions - Held that:- The Tribunal pointed out that there is no doubt the assessee as well as DEL were closely associated and there is nexus between the two and that the assessee was about to approach the BIFR for revival in the year 1997 and there was no eminent cause or reason for the assessee to terminate the dealership of DEL and when there was no return agreement between the assessee and DEL, it cannot be said that the assessee has taken up a prudent business decision, which is otherwise commercial expediency to terminate the dealership of DEL. The decision has been taken against the assessee purely on facts and we find that no Substantial Questions of Law arise for consideration in this Appeal. - Decided against the assessee.
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